loading

MIB Na’mat Plus Term Deposit

An account that offers you attractive rate of return on your investment with flexible tenure


Minimum Balance Required (Rs)
25,000
Minimum Amount Required (Rs)
25,000
Daily Withdrawal Limit
(Rs)
0
Annual Fee
(Rs)
0
Allowed Monthly Transactions
-

View Phone Number
  • Features

    - Profit payment frequency is on monthly, quarterly, and maturity basis

    - The funds can be fixed for a tenor ranging from 1 month to 5 years

    - Interest rate varies from 8% to 10.03% based on the deposited amount and the term length

    - An Islamic Fixed Deposit account

  • Benefits

    - Premature encashment facility is available

    - Profit is calculated on average deposit balance

    - Only Rs. 25,000 initial Investment is required to get profit

    - Higher the deposit, higher the returns will be

  • Eligibility

    Salaried Person:
    - Age Limit: 18 - 70 years 
    - Documents required: CNIC, Proof of employment

    Self-employed/Businessmen:
    - Age Limit: 18 - 70 years 
    - Documents required: CNIC, and Proof of business

  • FAQ

    Anyone who is a Pakistani resident individual, private and public limited companies, can use a term/fixed deposits account.
    You can use a fixed deposit account from 1 month up to 10 years of length. The profit rate will also be better if you deposit it for longer time periods.
    Yes, you can ask the bank to pay the profit on a monthly basis however the rate of interest or profit rate will only be charged or calculated on annual basis.
    Yes, you can withdraw your funds from your fixed term bank account however some banks may charge a penalty or a fee for early withdrawals than a fixed maturity date.

Other Details

  • Best Suitabe For

    Long term savings

  • Target Age Group

    18 - 70 years 

  • Interest Rate / Profit Rate

    10.03%

  • Interest Calculation Frequency

    -

  • Profit Payment Frequency

    Monthly

  • Currency of Account

    PKR

  • Free ATM / Debit Card?

  • ATM Card Network

    PayPak / UnionPay

  • Free Cheque Book?

  • Manage with App?

  • Branch Banking

  • Online Banking?